NEW YORK, USA 02 May 2007 – Christie’s auction house raised some $39.1 million at its Magnificent Jewels auction in New York City April 25, almost double presale estimates of $20 million. A total of 264 lots were sold, 90 percent of the lots on offer, and 94 percent of the available goods by value.
Eight lots sold for more than $1 million each, including the Baroda Pearls, which were once the property of the Maharajahs of the Gaekwar family of Baroda, India. An anonymous Asian buyer paid almost $7.1 million for a two-strand necklace with 68 natural pearls, a diamond clasp, earrings, brooch and ring.
The second largest amount was bid for an antique natural color Kashmir sapphire set in a diamond frame. At almost $3.1 million or $135,000 per carat, this was said to be the most ever paid for a sapphire anywhere. The third highest amount, almost $2.4 million, was bid on a fancy deep grayish-blue 9.39 cushion-cut diamond ring. The other five lots that sold for more than $1 million apiece were all diamonds, Christie’s said.
A service of the Antwerp Facets News Service (AFNS)